Bearish oulook [BTC]
Hi guys,
in hindsight simple pattern seem to work well in the prediction game. Right now we are forming yet another huge bearflag within our descending triangle.
6.8k is our major resistance, a break above 6.8 would be a gamechanger and turn me super bullish once again. But there is no sign that indicates that this in play right now.
The Rsi is showing weakness already since we are climbing on declining volume.
This gives us a great short trade setup because we know exactly where our stops need to be.
Entry : 6600-6800
stop: 6850
target 1: 6000
target 2: 5000
target 3: 4000
Obviously this is not financial adivce ;-)
in hindsight simple pattern seem to work well in the prediction game. Right now we are forming yet another huge bearflag within our descending triangle.
6.8k is our major resistance, a break above 6.8 would be a gamechanger and turn me super bullish once again. But there is no sign that indicates that this in play right now.
The Rsi is showing weakness already since we are climbing on declining volume.
This gives us a great short trade setup because we know exactly where our stops need to be.
Entry : 6600-6800
stop: 6850
target 1: 6000
target 2: 5000
target 3: 4000
Obviously this is not financial adivce ;-)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.